Capital Gains Inflation Relief Act of 2021 This bill allows the adjusted basis of certain assets (including any common stock in a C corporation, any digital asset, and tangible property used in a trade or business) to be indexed for inflation for the purpose of determining the gain or loss of a taxpayer (other than a corporation) who has held the asset for more than three years. The bill sets forth rules for applying the inflation adjustment to short sales; regulated investment companies; real estate investment trusts; other pass-through entities, including partnerships, S corporations, and common trust funds; dispositions between related persons; and improvements to property or contributions of capital. The Internal Revenue Service may disallow an adjustment if any person transfers cash, debt, or any other property to another person for the principal purpose of securing or increasing the adjustment allowed by this bill.
Equal Treatment of Public Servants Act of 2021 This bill phases in a new funding formula for determining benefit amounts under the windfall elimination provision (WEP). The WEP reduces Social Security retirement and disability benefits for those who receive pensions for certain non-covered employment. The new formula adjusts an individual's total lifetime earnings based on the proportion of those earnings subject to Social Security payroll taxes. It applies to individuals who (1) become eligible for Social Security benefits after 2061, and (2) have earnings from non-covered service performed in a year after 1977. Beneficiaries who become eligible for benefits between 2023 and 2061 receive the higher of their benefit calculated under the existing WEP or the new formula. In addition, certain beneficiaries currently impacted by the WEP receive an additional payment. The Social Security Administration must include non-covered earnings in Social Security account statements and must study the feasibility of partnering with certain pension systems to address data sharing issues related to non-covered pensions.
Supplying America Needs Truckers Aged 18 Act or the SANTA 18 Act This bill exempts drivers who transport goods from a port of entry and another place within the same state from age restrictions and other requirements that apply to federal commercial driver's licenses.
HRES 754 is a non-binding resolution expressing the House of Representatives' opposition to proposed "punitive natural gas taxes" on U.S. businesses, families, and workers. It cites claims that such taxes would raise average energy bills by 17%, reduce GDP by $9 billion, and eliminate 90,000 jobs, while disproportionately harming low-income households. The resolution argues that opposing these taxes supports U.S. energy security, national security, and continued leadership in reducing emissions through domestic natural gas production. As a procedural resolution, it does not create law but formally states the House's position against this policy approach.
This bill prohibits the use of federal funds to require a member of the Armed Forces to receive a COVID-19 vaccination. The bill also prohibits adverse action (e.g., punishment) being taken against a member of the Armed Forces because the member refuses to receive a COVID-19 vaccination.
This resolution recognizes National Respiratory Care Week and expresses gratitude for the contribution of respiratory therapists during the COVID-19 pandemic.
No Time Limit for Justice Act This bill directs the Department of Justice to increase a state's allocation of funds under the STOP Violence Against Women Formula Grant Program if, under the laws of the state, child sexual abuse criminal offenses and civil actions authorizing damages for victims of child sexual abuse are not subject to a statute of limitations.
Hydrogen Infrastructure Finance and Innovation Act This bill requires the Department of Energy (DOE) to establish a hydrogen infrastructure finance and innovation pilot program. Under the program, DOE must provide grants and low-interest loans to certain entities for hydrogen infrastructure, including projects for hydrogen transportation, storage, or delivery.
Further Surface Transportation Extension Act of 2021 This bill extends and revises provisions related to federal-aid highway, transit, highway safety, rail, and other surface transportation programs of the Department of Transportation. Specifically, the bill extends FY2021 enacted levels of funding through December 3, 2021, for federal-aid highway, transit, and safety programs; and extends expenditure authority through December 4, 2021, for the Highway Trust Fund, Sport Fish Restoration and Boating Trust Fund, and the Leaking Underground Storage Tank Trust Fund.
Cancer Drug Parity Act of 20 21 This bill requires group health plans that cover anticancer medications administered by a health care provider to provide no less favorable cost sharing for patient-administered anticancer medications. This requirement applies to medications that are (1) approved by the Food and Drug Administration; (2) medically necessary for the cancer treatment; and (3) clinically appropriate in terms of type, frequency, extent site, and duration. To comply with this requirement, plans may not, with respect to anticancer medications (1) change or replace benefits to increase out-of-pocket costs, (2) reclassify benefits to increase costs, or (3) apply more restrictive limitations to orally administered medications than to intravenously administered or injected medications.
Give Americans Stability at Pumps as Rising Inflation Causes Emergencies Act or the GAS PRICE Act This bill requires the Energy Information Administration (EIA) to report on any policy, regulation, or executive order with an effective date of January 20, 2021, or later that the EIA determines has increased or may increase energy prices in the United States.
Cold War Service Medal Act This bill authorizes the military department concerned to issue Cold War Service Medals to eligible persons who served during the Cold War (September 2, 1945, to December 26, 1991) and meet other requirements. Specifically, eligible persons are those who (1) served on active duty for at least 24 consecutive months during the Cold War, (2) were deployed as members of the armed forces outside of the United States for at least 30 days during the Cold War, (3) were members of a reserve component and called or ordered to active duty related to the Cold War, or (4) performed other service in the armed forces during the Cold War. The military department concerned may issue the medal to the next-of-kin if the eligible recipient is deceased.
